Gold price in Pakistan rises Rs900 per tola

Mettis Global reported that domestic gold rates moved higher on Tuesday, with 24-karat gold priced at Rs440,836 per tola after a rise of Rs900. The APGJSA, the All-Pakistan Gems and Jewelers Sarafa Association, supplied the figures. Per 10 grams, 24-karat gold was quoted at Rs377,945, which was Rs771 more than the previous day.

The 22-karat variety was quoted at Rs346,462 per 10 grams. Silver held steady locally, with 24-karat silver priced at Rs6,532 per tola, or Rs5,600 per 10 grams.

Internationally, spot gold was trading near $4,185 an ounce, up $15.1 or 0.36 per cent from the prior session. The report linked the global move to a firm US dollar and to investors awaiting US inflation figures for signals on the Federal Reserve's interest rate path.